USDCAD big picture

Since USDCAD finished the measured move of the triangle we have been drifting lower but there is a chance that this move might be done. We found new buyers near the 1.0800 figure which also lines up with former resistance which now acted as support. As long as we stay above that line, I'd say we have a bullish case, however a real confirmation would be another attempt to challenge the highs.